Economy Of Substance: What We Can and Can’t Measure.
Listener 28 April, 2001.
Keywords: Health.
Some social sciences – demography, economics, geography and psychology – started off well because they had could measure the concepts they were dealing with. Others – anthropology, politics, sociology – have never been as successful. But that something cannot be measured does not mean it is unimportant. We cannot quantify culture and related behaviour and institutions. Yet they seem to be a key elements in economic performance. Contrariwise, well-constructed measures of economic performance, such as per capita GDP, may not be good indicators of our social objectives.